While you were sleeping: Spectre of December hike

Wed, 04 Nov 2015

By Margreet Dietz Nov. 5 (BusinessDesk) - Wall Street moved lower, while the US dollar strengthened, as Federal Reserve Chair Janet Yellen repeated that a December interest rate increase was possible, while European Central Bank President Mario Draghi said he was prepared to add extra stimulus if needed. In testimony to Congress, Yellen said a rate hike this year was a “live possibility,” underpinning the Fed’s comments after its October meeting last week. The Fed is "expecting the economy will continue to grow at a pace to return inf...

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